After taking time off to think about his leadership and firing 900 employees over Zoom calls, Better.com CEO Will Resume Full-Time Duties.
Vishal Garg (43), will return as CEO to Better.com, having been fired in December.
The CEO sent a Tuesday letter to his employees stating that he will be back after having spent time considering what kind of leader he wanted to become.
“I am sorry for the past weeks. In the email, he expressed deep regret for the anger, confusion, and embarrassment his actions caused.
“I have spent much time thinking about our company’s current state and what type of leadership we need…and who I would like to be as a leader.”
He is not yet certain when he will resume his “full-time” duties. It’s also unclear what he did during this time to improve his leadership style. The company plans to hire other executives.
Vishal Garg (43) will be back at work as the controversial CEO of Better.com after taking time out to find the right type leader for him
The company’s board also sent an email to employees, in which it stated that Vishal is confident in his abilities and the improvements he has made to ensure the leadership, vision, and focus needed at these pivotal moments. The email was obtained by The New York Times.
Better.com conducted an independent review of the work culture since Garg’s heartless decision to fire 900 employees for Zoom in December. It was led by Anthony Barkow (a lawyer at Jenner and Block).
According to The New York Times, The Company is trying to strengthen its leadership. It has hired a new president and chief human resources officer.
After social media scandal broke, several high-ranking employees resigned.
Famously, Garg fired 900 “unlucky” employees during a Zoom call on December 12.
Richard Benson Armer, an ex-McKinsey Senior Partner, will be the interim chief of human resource. His exact date of joining the Better team is not known. Kevin Ryan will serve as interim CEO, while Garg is back at work.
Additionally, the company is creating a program for training to help build “a respectful workplace” that will be focused on developing new ethics and creating a more positive culture.
Christian Chapman told The New York Times that “Business is people and product.” He was also fired. Vishal, I believe Vishal should focus on the third leg of the business: the people.
Kevin Ryan, CFO has served as Garg’s temporary CEO and will continue doing so until Garg is back.
Garg dismissed nine percent of his employees after a Zoom conference in December. He told them they were “part of the unfortunate group” and fired them.
He stated that if you were on the call, it was because you belong to the group of people who are being fired. Your employment is ended immediately.
After the layoffs, he took a stern tone and accused staff of taking their time. He also told employees that they would not be permitted to fail again.
“You’ll be allowed to fail one time. However, you will not be allowed to fail again. In December, he stated that it was unacceptable to miss deadlines.
In a blog, he attacked fired employees because they were so lazy that customers were essentially’stole.
On professional network Blind, the father-of-3 wrote: “You know that at most 250 people were working an average time of 2 hours per day while clocking over 8 hours daily in the payroll system?”
“They stole from you and from customers who paid the bills that we pay,” he wrote. Learn to be educated.
He later apologized for his actions, issuing a groveling apology for his actions as CEO and took a leave of absence to ‘reflect on his leadership.’
Garg sent a message to employees and posted it on December’s company website.
“I did not show enough respect or appreciation to the people who were affected, and their contributions to Better.
I made the decision, and communicated it. He added that he had embarrassed him by doing this.
He continued his letter by saying, “I am sorry that I did not communicate this information in a way that made it more difficult.” This is a very difficult situation for me. I’m sorry.
Tanya Gillogley (left), the head of PR, and marketing chief Melanie Hahn (right) quit following the December 1 firings
After the December 1 Zoom Call, Patrick Lenihan was also removed as vice president for communications.
Better relies on your focus, dedication and expertise to make homeownership a reality for all of our clients across the nation.
‘I couldn’t be more grateful for all you are accomplishing for the customers we serve. The year ahead will be discussed at the All Hands Meeting. I hope you’ll join me for the discussion.
“I believe you, I believe better, and I believe we can improve homeownership together,” he said.
Garg was able to get rid of the entire company’s diversity, equity and inclusion team. This group deals with racism and sexism at work and has since been voluntarily dismissed by three executives.
The head of public relations, Tanya Gillogley; head of marketing, Melanie Hahn; and vice president of communications, Patrick Lenihan have all handed in their resignations, according to Insider.
He said in his 3-minute phone call that the market had changed and that he was going to fire the workers. This meant that drastic cuts to $7billion-worth of workforce resources were necessary to avoid disaster.
Despite a December cash injection of $750million, the company that owns mortgages was not affected by these firings.
In addition to saying that market efficiency and productivity are to blame, the boss added that it was essential for the company’s survival to “move in the right direction.”
In an email, he later apologized to his staff and admitted that he had not shown the right amount of respect for and appreciation to those who were affected as well as their contribution to Better.
DailyMail.com has reached out to Better.com regarding a comment.